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What's the present value of $1,250 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $928.92

What's the present value of $1,250 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

Select the correct answer.

a. $928.92

b. $922.32

c. $926.72

d. $933.32

e. $931.1

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